YieldAfter

YieldAfter

YieldAfter — Rental property yield, cash flow and tax after debt and statutory reliefs

Gross yield is the agent’s slide. What matters is cash-on-cash after debt and tax in your bank account.

Gross rental yield is the figure on every property brochure: a year's rent divided by the purchase price. It is also the most misleading number in property investment. Gross yield ignores voids, property management, regular maintenance, borrowing costs, and — above all — the statutory tax rules that determine what actually lands in your bank account.

YieldAfter models the full cash journey of a residential rental property across the United Kingdom, the United States, and Australia. From gross rent through net operating income (NOI), monthly mortgage schedules, and individual tax bands to cash-on-cash return, after-tax internal rate of return (IRR), and hold-vs-sell decisions.

Three countries, three tax systems

Tax law treats property owners differently based on individual circumstances and statutory restrictions. Our calculators model the main rules for individual landlords:

The four core planning tools

Each country has four calculators built on the same engine:

  • Gross vs Net Yield: Compare top-line yield with net yield after factoring in vacancies, letting agent commissions, insurance, service charges, and running costs.
  • After-Tax Calculator: Calculates the additional tax liability caused by your property by modelling your other income (salary/pension) and layering rental profits on top.
  • Cash Flow & IRR Projection: Multi-year projection including monthly loan amortisation (interest-only or repayment), Stamp Duty / purchase costs in cash invested, annual cash-on-cash return, and after-tax internal rate of return.
  • Hold vs Sell Analysis: Compares your terminal wealth if you sell today (after mortgage payoff, selling fees, and capital gains tax) versus holding for an extended horizon.

How we check the numbers

YieldAfter publishes and maintains every page on this site. Tax rates and thresholds come from official sources (HMRC, the IRS, the ATO and state revenue offices), each saved and cited on the methodology page, and the calculators are tested against published worked examples before release. Calculations run in your browser, and your inputs are never stored on a server.

State-by-state Australian property tax

For Australian property investors, stamp duty on acquisition and annual land tax during ownership vary drastically across the eight states and territories. Explore our dedicated state calculators for New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, ACT, and the Northern Territory.

Questions landlords ask

Why does YieldAfter calculate after-tax returns rather than gross yield?

Gross yield only measures rent against price. Two landlords purchasing identical properties can experience completely different returns depending on their mortgage financing, salary tax bands, and local tax legislation. After-tax return shows what you actually keep.

Does YieldAfter store my financial inputs?

No. Calculations run in your browser, there are no accounts or logins, and we do not receive your inputs on a server.

How do I know when tax rules were last checked?

Each country's rules carry a version and a review date, shown in the footer, and every change is logged on the changes page. Every rule cites its source.

Is YieldAfter a lender or an accountancy firm?

No. YieldAfter is an independent planning tool, not a mortgage lender, broker, or registered tax adviser.